The Monegasque driver steps up into Formula 1 as the 2017 FIA Formula 2 Champion, having become the first driver to win both that championship and the GP3 Series, which he did in 2016, and he moves up with the support of Scuderia Ferrari as part of their young driver programme. He is clearly deserving of a shot in Formula One.

"It's an wonderful opportunity for me but also for the team", said Ericsson, whose financial support has always been linked to Rausing and the Tetra Laval packaging group.

The news was announced Saturday as the team's Formula One vehicle was also unveiled with it's slick red and white colouring with a prominent Alfa Romeo logo.

Instead, the team will use Ferrari power elements badged with the iconic Alfa Romeo brand.